Ethena (ENA) Launchpool Starting on Binance

Cryptocurrency exchange Binance has announced its fiftieth Launchpool project as Ethena (ENA). From March 30, 2024, users will be able to start earning ENA by staking BNB and FDUSD tokens. The farming period is very short and the listing of ENA will take place on April 2, 2024. The trading pairs will be ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY. What is Ethena (ENA)? ENA is a cryptocurrency located on the Ethereum network. The total supply of the token, set at 15 billion ENA, will be distributed through Launchpool rewards, reaching 300 million ENA. The initial circulation supply of ENA is 1.425 billion ENA, which is 9.5% of the maximum token supply. Staking Conditions and Reward Distribution Users need to go through the KYC (Know Your Customer) process in order to stake. From the BNB pool, 333,333.33 ENA can be earned hourly, while from the FDUSD pool, 83,333.33 ENA is obtainable. […]

Ethena (ENA) Launchpool Starting on Binance

Cryptocurrency exchange Binance has announced its fiftieth Launchpool project as Ethena (ENA). From March 30, 2024, users will be able to start earning ENA by staking BNB and FDUSD tokens. The farming period is very short and the listing of ENA will take place on April 2, 2024. The trading pairs will be ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY.

What is Ethena (ENA)?

ENA is a cryptocurrency located on the Ethereum network. The total supply of the token, set at 15 billion ENA, will be distributed through Launchpool rewards, reaching 300 million ENA. The initial circulation supply of ENA is 1.425 billion ENA, which is 9.5% of the maximum token supply.

Staking Conditions and Reward Distribution

Users need to go through the KYC (Know Your Customer) process in order to stake. From the BNB pool, 333,333.33 ENA can be earned hourly, while from the FDUSD pool, 83,333.33 ENA is obtainable. 80% of the rewards earned will be given to users staking BNB, and 20% will go to those staking FDUSD.

Binance urges users to pay attention to the relevant dates and times and provides the necessary information to prevent any loss of rights. This way, users can take the necessary precautions to avoid any problems when joining the new project.

Finally, ENA’s presence on Binance Launchpool is seen as a great opportunity for the respective token. Users are planning to add this new project to their cryptocurrency portfolios by participating in it.

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